Melkior Resources Inc. Announces Closing of the Second Tranche of a Private Placement for $142,500
Ottawa, Ontario CANADA, July 09, 2012 /FSC/ - Melkior Resources Inc. (MKR - TSX Venture), ("Melkior") is pleased to announce that it has completed the closing of the second tranche of a private placement (see the June 29, 2012 press release) for aggregate proceeds of $142,500 consisting of the issuance of 712,500 units at a price of $0.20 per unit. Each unit is comprised of one flow-through common share and one common share purchase warrant. Each warrant entitles its holder to purchase one additional common share at a price of $0.25 for a period of 12 months following the closing.
The securities issued under the private placement are subject to a four (4) month hold period ending November 10, 2012. In conjunction with the private placement, Melkior paid cash commissions totalling $8,550. The proceeds will be used by Melkior to finance exploration expenditures on its properties located in the Province of Ontario.
About Melkior:
Melkior is a junior exploration company with active exploration projects in West Timmins and holds several other exploration properties of which the most important is the 100% owned Launay gold property in West Quebec.
For more information:
Jens Hansen, President
Melkior Resources Inc.
Tel: 613.721.2919
Fax: 613.680.1091
E-mail: melkior@rogers.com
Web: www.melkior.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view this press release as a webpage, please click on the following link:
http://www.usetdas.com/pr/melkior07092012.htm
Source: Ressources Melkior Inc. (TSXV MKR) www.melkior.com
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